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Logistics Startup Darkstore Scores $1.4M Seed

PYMNTS

A young logistics startup that gives eCommerce brands same-day delivery capabilities just scored a major chunk of venture funding. million in a seed funding round led by VC firm PivotNorth Capital. Brands without local inventory can use Darkstore’s storage space to ship same-day. Just recently, the company scored $1.4

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Investments Stay Afloat And Thrive Market Bags $111 Million

PYMNTS

Organic delivery service Good Eggs was forced to pull back its operations to the San Francisco Bay area after they learned what so many who deliver consumer groceries have learned before: it’s much harder than it looks to get to scale and make money while doing it. And it is a segment that has seen casualties.

Marketing 102
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Ten Years Of Payments Innovation And Reinvention

PYMNTS

Seedrs was one of the names on the illustrious list of 2009-founded firms that decided to make like the Phoenix, and rise out of the ashes. As Nan Siler, head of payment and financial operations at Kabbage, noted, it’s been a pretty wild ride, thus far. The list goes on. Don’t take our word for it.

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The 2019 GonzoBanker Awards

Gonzobanker

The company’s market capitalization, which after declining to less than $600 million in the 2009 recession, has now grown to almost $3 billion. Yet the Gonzo team has to give a shout out to the late entry of Texas Capital and Independent Bank. The Tech Award – Goes to Capital One. Best of luck in the next chapter, Chris!

Idaho 148
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Android of the Auto Industry? How Baidu May Race Ahead Of Google, Tesla, And Others In Autonomous Vehicles

CB Insights

In many ways, Apollo resembles Google’s Android Open Source Project (AOSP), Google’s open software platform for a mobile operating system (OS) that launched in 2007. In addition to the Apollo platform, Baidu is dedicating significant capital to autonomous vehicle startups, all of which have joined the Apollo partnership alliance.

Google 71
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Renaud Laplanche’s Second Act

PYMNTS

Both Lending Club and Laplanche are currently facing shareholder litigation that claims they concealed material weaknesses in the online lender’s ability to monitor its operations. “I And it seems Upgrade is getting ready to offer its brand of upgrade to the market in the increasingly near future.

Lending 122
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46 Corporations Working On Autonomous Vehicles

CB Insights

They are a diverse group of players, ranging from automotive industry stalwarts to leading technology brands and telecommunications companies. A few of the companies or brands listed below belong to the same parent organization, but are detailed separately if they are operating distinct autonomous development programs.

System 78